Of the Following,which Good Has the Most Elastic Demand

question 251

Multiple Choice

Of the following,which good has the most elastic demand?

• A) food
• B) breakfast food
• C) cereal
• D) Post Raisin Bran
• E) Post Raisin Brand purchased at a Safeway grocery store

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving the deployment of resources in a competitive context.

Structure

The arrangement or organization of interrelated elements in a material object or system, or the organization of parts as dominated by the general character of the whole.

Bureaucratic

Relating to a system of government or organization that is managed by departments staffed with non-elected officials, often criticized for excessive procedural complexity.

Adapting

The process of making adjustments or changes in behavior, strategy, or operations in response to external conditions or challenges.